Dollar General sets a sales record for first quarter of 2025
(NBC, KYMA/KECY) - Dollar General set a sales record last quarter.
On an earnings call Tuesday, the budget retailer said it made $10.44 billion in the three-month period which ended May 2.
Dollar General earnings have surged to $1.78 per share, well above the expected $1.48, all while consumer spending dropped in the U.S. for the first time in three years.
The Tennessee-based company also raised its expectations for the year, saying it's drawing more middle and higher income shoppers amid fears about higher tariffs.
Shares of Dollar General jumped more than 10% after the call.
The good news for Dollar General comes as the U.S. economy shrank at a 0.2% annual pace from January through March as President Donald Trump's trade wars dented spending by businesses.
